Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
Swedish Krona/Brazilian Real (FOREX:SEKBRL)
Weak Uptrend (+65) - SEKBRL is showing signs of weakening momentum to the upside. Monitor SEKBRL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SEKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKBRL
The long-term trend has been UP since Dec 16th, 2020 at 0.61118682
The intermediate-term trend has been UP since Apr 12th, 2021 at 0.66923241
The short-term trend has been DOWN since Apr 15th, 2021 at 0.65770074
Smart Scan Analysis for SEKBRL
Based on our trend formula, SEKBRL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).